Tokyo Power set to pay for Fukushima nuclear disaster

Tokyo Electric Power Company (TEPCO), Asia’s largest utility company, has started making compensation payments to the residents who had to be evacuated from around the Fukushima nuclear plant after the disaster in March. Now, they may end up paying a lot more according to Japan’s Chief Cabinet Secretary. The Japanese government has decided that they will not put a limit on the amount of compensation payments that TEPCO must make to residents and the local government. Japan’s government officials could have granted the company an “exemption” from being liable for…

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